Spain Property News

According to the Malaga Provincial Association of Builders and Developers, the Costa del Sol has a stockpile of just one year’s supply of new properties.

Plenty of us harbour a secret ambition to do a César Ritz and try our hand at hostelry. Jerez real estate agents, Mercers, have two city centre residences on their books which will allow you to do just that.

The number of global billionaires has been rising sharply over recent years and this is creating an unlikely problem for the real estate industry – houses simply aren’t good or expensive enough.

‘Repossession in Spain’, ‘Spanish Repo’, ‘Distressed Properties in Spain’ ... These terms are now commonplace on websites and with estate agents dealing with the Spanish property market. For most buyers, these terms all mean one thing – cheap property in Spain.

Obelisk Investment Property’s Market Analyst, James Gonzalez, is sticking his neck out and predicting that those who invest in the Spanish property market now, particularly the Costa del Sol, could be reaping rich rewards by 2010.

As soon as the Budget announced a shock 50% rate of income tax for high earners, the phones rang off the hook in the Sales Department of Gibraltar’s Ocean Village. British entrepreneurs are eyeing up a tactical emigration and the message from the Rock is very clear – taxes are not going up, they’re going down.

Commenting on Spanish mortgage approvals data out this morning, Simon Rubinsohn, RICS chief economist said: "Spanish mortgage approvals data for February released this morning rose for the third consecutive month.

Despite the current global economic slowdown, the Costa del Sol has just experienced record tourist figures for the Easter period, proving that the area remains one of Europe’s preferred holiday spots as well as property investment destinations.

At the beginning of the year Skyscanner.net revealed their top 10 most searched for destinations by UK visitors for travel in 2009 and Spanish locations including Malaga, Alicante, Tenerife, Palma and Murcia secured five of the top ten spots and nearly a quarter of the top 50.

Marbella has just been chosen to host the quarter-finals of the Davis Cup in July this year when the Spanish tennis team will play the German team for a place in the semi-finals of this international tournament.

Even when applying the magic formula of ‘sun + beach + golf’ many holiday resorts come a cropper. Over-built, over-crowded and over-hyped. But not Costa Ballena. This Andalusian Tourist Board masterminded development at the heart of Spain’s southern coastline constitutes something of a blueprint for holiday resorts of the future.

The townhouse development of ‘Hoyo 14’ set within one of Costa de la Luz’s most attractive golf courses – Nuevo Portil – has been elevated to prime real estate thanks to confirmation of a build license for a substantial commercial facility.

You can get a better property deal today in Spain than any time in at least the last five years and that’s a fact. Now is the time to pick up the highest quality Spanish real estate at the best possible prices. Well-located ready-to-move-in-to properties are selling for up to a massive 50% discount off list price and here’s why.

Many commentators from estate agents to currency experts can offer their opinions on the Spanish Property market from the comfort of their plush London offices – but are they close enough to the truth? The following Qs have been A’d by real Spanish property experts. Experts who have been in the business on Iberian soil for years.

Spain remains resolutely in the number one slot for buyers viewing overseas property on leading global portal PropertyIndex.com, showing the British love affair with the Costas is far from over.

Spain remains resolutely in the number one slot for buyers viewing overseas property on leading global portal PropertyIndex.com, showing the British love affair with the Costas is far from over.

A British couple have become the first successful claimants against the Spanish Government, after they and thousands of other British and European home owners were illegally charged more than twice the amount of Capital Gains Tax than Spanish residents on properties they sold in Spain.

In a private estate where even the lowest priced property will set you back an eye-watering four million euros you can imagine the profile of resident. At La Zagaleta Sheikhs, aristocracy, Oligarchs, business moguls and film stars coexist in 900 hectares of wild Andalucian countryside.

It has been well-documented that the Spanish property market, one of the first to see and reap the rewards of the boom, was also one of the first to be hit by the crash, with the country now firmly in a recession, as confirmed by recent INE (Instituto Nacional de Estatistica) figures that have shown that the decline hit hard in Q4 2008.

The last decade has seen a construction boom in Spain largely to cater for the many expats seeking a sun-soaked life on the beautiful costas. Until the recent economic downturn, new developments seemed to appear almost overnight, such was the speed and spread of new-build properties in Spain.

Clients' demands on the exclusive Champneys Resort in Marbella have led to the developer combining apartments together, first and second floor apartments in suitable blocks, to create three bedroom duplex properties complete with terraces, gardens, pool and interior courtyards.

If you’re going to live in a unique building you may as well be daring and create an interior space that’s just as standout. That’s exactly what the owner of this loft apartment in a restored sherry bodega in Jerez has had the vision to achieve. Now on the market, this city party-pad can be yours for just 350,000 euros.

A big discount of almost a quarter of the price is being offered to an early buyer of this two-bedroom, two-bathroom apartment, a former showhome at Desert Springs, Europe’s only international award-winning luxury family resort and championship desert golf course in the Almeria region of south-east Spain.

The western Costa de la Luz, namely Huelva province, has until recently been holding its own in terms of property values. But you can’t swim against the tide forever and acknowledged local expert Titan Properties has recently published its first ‘Distressed Sales List’ highlighting the most keenly priced properties in the region.

The Costa del Sol, one of the pioneers of beach holidays in Europe, is keen to keep its standing as one of Spain’s top tourist destinations and favourite relocation spots.